My home is in California. My First loan was with Countrywide in 2004. In 2005 I reified with a broker who sold to Sierra something or other and then they sold back to Countrywide. Now of course with B of A. (actually somehow BONY is now involved and might be the actual owner and now b of a just the servicer)
Since I refied - even though I am in California, is this now automatically a recourse loan because it was refinanced from the original loan? Is there anything on the loan paper-work which indicates if it is recourse or non-recourse?
If I get a short sale, can B of A come after me for the amount "forgiven"? Is there usually something written into the short sale agreement that says they won't come after me for the amount forgiven?